Which of the following measures will not increase a nation’s wealth?
(A) investing in new companies
(B) increasing efficiency of factories
(C) converting grasslands into orchards
(D) By redistributing taxes as subsidies
Correct Answer : By redistributing taxes as subsidies
Question Asked : SSC CHSL (10+2) Tier-I (CBE) Exam 2017
Explanation : Redistribution of income and redistribution of wealth are respectively the transfer of income and of wealth from some individuals to others by means of taxation, charity, welfare, public services, land reform, etc. Redistribution of taxes and subsidies are redistribution of wealth. They do not lead to wealth creation of a nation that is in fact the stream of goods and services that it creates and capital accumulation.
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